Axalta Coating Systems Ltd. $AXTA Holdings Lifted by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 75.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,373 shares of the specialty chemicals company’s stock after acquiring an additional 53,636 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Axalta Coating Systems worth $3,560,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its stake in shares of Axalta Coating Systems by 55.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 61,644 shares of the specialty chemicals company’s stock worth $1,683,000 after purchasing an additional 21,993 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Axalta Coating Systems during the third quarter worth approximately $337,000. Evergreen Capital Management LLC acquired a new position in Axalta Coating Systems in the third quarter worth approximately $274,000. Kera Capital Partners Inc. acquired a new position in Axalta Coating Systems in the third quarter worth approximately $272,000. Finally, TD Private Client Wealth LLC increased its holdings in shares of Axalta Coating Systems by 7.1% in the third quarter. TD Private Client Wealth LLC now owns 10,995 shares of the specialty chemicals company’s stock valued at $315,000 after buying an additional 729 shares in the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Trading Up 1.3%

NYSE:AXTA opened at $34.03 on Thursday. The stock has a market cap of $7.26 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 1.35 and a beta of 1.29. Axalta Coating Systems Ltd. has a fifty-two week low of $26.28 and a fifty-two week high of $38.37. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.20 and a quick ratio of 1.59. The stock’s 50-day moving average is $31.73 and its two-hundred day moving average is $30.18.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.64 by $0.03. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Axalta Coating Systems had a net margin of 8.81% and a return on equity of 24.92%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company posted $0.59 earnings per share. As a group, equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AXTA shares. Bank of America decreased their target price on Axalta Coating Systems from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $30.00 price target (down previously from $35.00) on shares of Axalta Coating Systems in a research report on Wednesday, November 19th. Vertical Research downgraded Axalta Coating Systems from a “buy” rating to a “hold” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. reduced their price objective on shares of Axalta Coating Systems from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Finally, Evercore ISI reissued an “in-line” rating and issued a $32.00 target price (down from $47.00) on shares of Axalta Coating Systems in a research report on Thursday, October 2nd. Seven equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, Axalta Coating Systems presently has a consensus rating of “Hold” and a consensus target price of $35.56.

About Axalta Coating Systems

Axalta Coating Systems is a global leader in the development, manufacture and sale of liquid and powder coatings. The company’s product portfolio spans refinish coatings for the automotive collision repair market, original equipment manufacturer (OEM) coatings for new vehicle production, and industrial coatings including electrodeposition (E-coat) and powder coatings for a variety of sectors such as architecture, heavy equipment and general industrial applications.

Tracing its roots to the 19th century and rebranded as Axalta following its separation from DuPont Performance Coatings in 2013, the company has built a presence in more than 100 countries.